Oct 13, 2015 - Investec Bank Plc. 020 7597 5970. Keith Anderson / Daniel Adams. MHP Communications Limited. 020 3128 810
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Cohort plc
13 October 2015
Cohort plc ("Cohort" or “the Group”) Contract Win Update on completion of EID acquisition
Cohort’s subsidiary MASS is awarded contract to supply Electronic Warfare Operational Support Cohort, the independent technology group, is pleased to announce that its subsidiary MASS has been awarded a contract to provide Electronic Warfare (EW) Operational Support services to an export customer with a total value in excess of £3 million. The work will begin immediately and will contribute to the Group’s revenue in the current year and beyond. Andrew Thomis, Chief Executive of Cohort plc said: "The award of this contract further highlights that MASS’s specialist skills are in demand to our global customers. It reinforces MASS’s reputation as the UK's leading provider of independent EW Operational Support services." Update on completion of EID acquisition Cohort has received a request from the Portuguese authorities to extend the deadline for completion of the acquisition of EID, announced on 5 August 2015. The Group has been informed that this is due to resource issues in the department responsible for reviewing the transaction. Subject to reaching agreement with the sellers on the terms of the extension, we now expect the transaction to complete by mid-December this year. Ends
For further information please contact: Cohort plc Andy Thomis, Chief Executive Simon Walther, Finance Director
